sheep

A flock of research sheep graze at the USDA Agricultural Research Service U.S. Sheep Experiment Station near Dubois, ID. Photo by USDA.

Several factors have indicated a softening in feeder and slaughter lamb prices in the past several months.

Tyler Cozzens, agricultural economist for the Livestock Marketing Information Center, believes that the decrease in prices and demand could be attributed to several macroeconomic factors, including inflation causing a higher cost of living and limiting consumer buying power. 

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